This property looks like a bad Long-Term investment with a projected -6.94% first-year return on $68,943 initial cash invested.
-6.94%
Cash On Cash
5.68%
Cap Rate
0.85
DSCR
$2,496
Rent
-$399
Cashflow
Cash Flow
$2,496 income − $2,895 expenses = $399 out of pocket
Investment Breakdown
|
Purchase Price
$328k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$68,943
Downpayment
20%
$65,660
Closing costs
1%
$3,283
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,496
Total Expenses
$2,895
Mortgage P&I
73%
$1,827
Property Taxes
12%
$301
Home Insurance
5%
$117
HOA
0%
$0
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0